The regulatory overhaul, which notably brings government-owned infrastructure finance companies (NBFC-IFCs) into the upper layer scope, has drawn optimistic commentary from global brokerages Morgan Stanley and Jefferies.
PFC and REC are anticipated to join the NBFC Upper Layer under the new RBI framework, a move that now includes government-owned infrastructure finance companies. Global brokerages Morgan Stanley and Jefferies have expressed optimistic views on this regulatory overhaul.…
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